Short Interest in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Grows By 90.1%

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 37,574 shares, a growth of 90.1% from the August 15th total of 19,764 shares. Based on an average daily volume of 52,038 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Franklin Investment Grade Corporate ETF

Large investors have recently modified their holdings of the business. RFG Advisory LLC bought a new stake in Franklin Investment Grade Corporate ETF during the second quarter worth about $1,097,000. Compound Planning Inc. grew its stake in Franklin Investment Grade Corporate ETF by 22.2% in the first quarter. Compound Planning Inc. now owns 56,306 shares of the company’s stock valued at $1,206,000 after purchasing an additional 10,214 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Franklin Investment Grade Corporate ETF by 25.3% during the 1st quarter. Cetera Investment Advisers now owns 114,513 shares of the company’s stock worth $2,453,000 after purchasing an additional 23,158 shares during the last quarter. Sequent Planning LLC increased its position in shares of Franklin Investment Grade Corporate ETF by 11.1% during the 4th quarter. Sequent Planning LLC now owns 116,821 shares of the company’s stock worth $2,529,000 after purchasing an additional 11,669 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Franklin Investment Grade Corporate ETF by 49.5% during the 2nd quarter. Citadel Advisors LLC now owns 176,968 shares of the company’s stock worth $3,794,000 after purchasing an additional 58,586 shares during the last quarter.

Franklin Investment Grade Corporate ETF Stock Performance

FLCO traded up $0.01 during trading hours on Tuesday, hitting $20.64. 39,376 shares of the company’s stock were exchanged, compared to its average volume of 86,077. Franklin Investment Grade Corporate ETF has a 1-year low of $20.60 and a 1-year high of $22.10. The stock’s 50-day moving average is $20.99 and its two-hundred day moving average is $21.28.

Franklin Investment Grade Corporate ETF Company Profile

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.